#ETH
《Trend Changes — Current Market Analysis》
Falling, can't fall further; rising, can't rise higher. Such a market is indeed quite boring. As the week comes to an end, thankfully JUP and Cake have secured our profits. During this ineffective time, it's still better to observe more and act less.
Looking at the Bitcoin trend, it has touched the support around 107000 and shows signs of a rebound. The resistance is near the 110000 mark, with only a 3000-point fluctuation. We are still watching whether the 105000 position can hold.
The Ethereum trend is not looking good, especially on the daily chart, with clear signs of a closing pattern. This pattern often indicates a higher probability of a pullback. Following Bitcoin's rebound, there are also signs of stopping the decline, with support around 2600, still paying attention to the key support at 2440.
In the past two days, we have advised everyone to reduce their overall position to half. In such a market, this may be more suitable. If it falls, we can continue to add positions to lower the average price; if it rises, we can continue to sell our chips, waiting for a significant pullback, which would be a good time to enter with a full position. Before that, strictly control your positions.